48-Unit Conversion Opportunity in
For Sale
Contact for pricing
3075 US-50, Canon City, CO 81212
Value-add opportunity for senior, workforce, or multifamily housing conversion.
Property Size22,000 SF
Price / SF$113.64
Days on Market169
Property Features for 3075 US-50
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Multifamily
Zoning
B, Business Zone District
Investment Type
Redevelopment
Building Details
Year Built
1995
Year Renovated
2023
Buildings
1
Stories
2
Units
48
Listing Agency:
Niraj Desai
Listed By:
Nick Desai · License #FSBO
Source:
Crexi
Added: May 12
Changed: Oct 25
Last Checked: Oct 26 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Niraj Desai
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Investment Insights
Based on property information with market context.
This property presents a value-add opportunity with a 48-unit building situated in the rapidly growing Cañon City corridor. The property, currently operating as an extended-stay hotel (Suburban Studios), is being subdivided onto its own parcel. It is positioned for a change-of-use conversion to senior housing, workforce housing, or standard multifamily apartments. Located adjacent to incoming master-planned developments, the property offers the opportunity to bring density to a supply-constrained market without capital expenditures typically associated with retrofitting older buildings for residential fire code compliance. The building is fully fire-sprinklered. The property size is 22000 square feet.
Key Highlights
- Value‑add opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.
- Fully fire‑sprinklered 48‑unit building, reducing retrofit costs.
- Located in the rapidly expanding Cañon City corridor.
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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Business Placement
Demographics for 81212, CO
31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Value-add opportunity for senior, workforce, or multifamily housing conversion.
Where is this apartment building located?
The property is located at 3075 US-50 Canon City, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Value‑add opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.; Fully fire‑sprinklered 48‑unit building, reducing retrofit costs.; Located in the rapidly expanding Cañon City corridor.
